EIN 82-1401986

Reach Riverside Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
18
Year formed
2017
Most recent tax filings
2022-12-01
Description
Reach Riverside Development Corporation strives to transform Northeast Wilmington's Historic Riverside into a healthy, vibrant place for the community to thrive by breaking the burdens of intergenerational poverty caused by structural racism. As a member of the nationally renowned organization Purpose Built Communities Network, Reach Riverside focuses on the three pillars of revitalization that have the greatest impact on long-term community development.
Also known as...
Riverside Renaissance Development Corporation
Total revenues
$5,546,972
2022
Total expenses
$4,639,336
2022
Total assets
$33,136,480
2022
Num. employees
18
2022

Program areas at Reach Riverside Development Corporation

As a member of the purpose built communities network, a nationally reowned organization dedicated to holistic community redevelopment, Reach Riverside focuses on the four pillars of revitalization shown to have the greatest impact on long-term community health and well-being. Redevelopment - Reach Riverside is committed to building approximately 700 units of high-quality, mixed-income housing that will elevate the standard of living for Riverside neighborhood residents and provide the safe and affordable housing residents deserve.education - access to excellent education is a must for any prosperous community. The Reach Riverside promise is to deliver a high-quality education pipeline from cradle to college to ensure growth and achievement at every level, enhancing opportunities for successful futures.community health - a healthy community is the foundation of a thriving community, and the Reach Riverside promise includes the creation of a comprehensive health, wellness, and safety program to meet the diverse needs of the Riverside residents. From new sidewalks and playgrounds to mental health support, financial literacy, youth engagement, and a local grocery store, residents will have the support needed for a healthy lifestyle.economic vitality - a strong commercial core fosters neighborhood prosperity and residents' economic advancement, offering opportunities for meaningful work and wealth building. A dual-pronged strategy supporting opportunities across income levels ensures abundant local resources and participation in a thriving economy.

Who funds Reach Riverside Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Blue Meridian PartnersTo Support Economic Mobility$3,000,000
Kentmere Nursing & Rehab CtrTo Provide Housing for Senior Citizens$1,000,000
The Carol A Ammon FoundationGeneral Purposes$505,703
...and 21 more grants received totalling $5,831,386

Personnel at Reach Riverside Development Corporation

NameTitleCompensation
Kevin L. SmithChief Executive Officer , Habitat for Humanity of New Castle County$0
Logan S. HerringChief Executive Officer$174,054
Kenyetta McCurdy-ByrdChief Operating Officer$92,984
Dave FordChief Community Investment Officer
Laura MoodChief Financial Officer$68,110
...and 13 more key personnel

Financials for Reach Riverside Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$5,399,527
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$147,445
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,546,972

Form 990s for Reach Riverside Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-10990View PDF
2020-122021-09-23990View PDF
2019-122021-02-24990View PDF
2018-122019-10-10990View PDF
...and 1 more Form 990
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 1 new personnel
January 3, 2024
Received grants
Identified 5 new grant, including a grant for $505,703 from The Carol A Ammon Foundation
December 29, 2023
Used new vendors
Identified 1 new vendor, including
October 23, 2023
Received grants
Identified 3 new grant, including a grant for $3,000,000 from Blue Meridian Partners
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
Partially liquidatedState / local levelCommunity engagement / volunteeringTax deductible donations
General information
Address
1121 Thatcher St
Wilmington, DE 19802
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Website URL
reachriverside.org/ 
Phone
(302) 764-9022
IRS details
EIN
82-1401986
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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